Nqm Funding at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
24th19.4% deniedPricingmedian rate spread over APOR, weight 30%
6th0.90 ptsProcesswithdrawn + incomplete share, weight 15%
73rd12.2%Closing coststotal loan costs ÷ loan amount, weight 10%
32nd2.74% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 3,044 | 1,808 | 15.2% | 19.3% | 8.25% | $984M |
| 2024 | 3,585 | 2,276 | 14.0% | 17.0% | 7.75% | $1.3B |
| 2025 | 4,063 | 2,542 | 17.0% | 19.4% | 7.37% | $1.6B |
What Nqm Funding lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 15 manufactured homes, 0 investment properties.
Why Nqm Funding denies applications
Primary reason reported for each of the 691 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Nqm Funding
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 88 | 37 | 47.5% |
| $50k – $100k | 632 | 394 | 22.2% |
| $100k – $150k | 689 | 453 | 18.6% |
| $150k – $250k | 985 | 646 | 17.4% |
| Over $250k | 1,662 | 1,012 | 18.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 82 | 47 | 25.7% |
| 25–34 | 749 | 472 | 19.9% |
| 35–44 | 1,250 | 800 | 17.0% |
| 45–54 | 1,008 | 629 | 20.3% |
| 55–64 | 649 | 410 | 19.3% |
| 65–74 | 246 | 140 | 22.5% |
| Over 74 | 79 | 44 | 23.5% |
Where Nqm Funding lends
47 states and 548 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 979 | 640 | 15.3% | 7.00% | #158 |
| California | 617 | 361 | 18.3% | 7.37% | #230 |
| New York | 606 | 343 | 17.2% | 7.62% | #120 |
| New Jersey | 335 | 236 | 13.7% | 7.50% | #153 |
| Texas | 243 | 128 | 22.2% | 7.50% | #380 |
| Georgia | 159 | 98 | 23.3% | 7.62% | #274 |
| Massachusetts | 111 | 60 | 24.3% | 7.75% | #238 |
| Arizona | 97 | 69 | 11.3% | 7.25% | #246 |
| Pennsylvania | 87 | 63 | 19.5% | 7.25% | #394 |
| Illinois | 86 | 63 | 14.0% | 6.88% | #369 |
| Connecticut | 83 | 58 | 12.1% | 7.62% | #186 |
| North Carolina | 69 | 39 | 21.7% | 7.37% | #359 |
| Missouri | 61 | 44 | 14.8% | 6.88% | #327 |
| Maryland | 55 | 33 | 12.7% | 7.37% | #307 |
| Virginia | 54 | 30 | 22.2% | 7.19% | #368 |
| South Carolina | 49 | 32 | 18.4% | 7.25% | #344 |
| Nevada | 42 | 26 | 21.4% | 7.38% | #223 |
| Tennessee | 41 | 31 | 14.6% | 7.13% | #439 |
| Washington | 38 | 22 | 15.8% | 7.62% | #321 |
| Indiana | 29 | 19 | 20.7% | 7.25% | #417 |
| Colorado | 28 | 16 | 10.7% | 7.25% | #376 |
| Michigan | 24 | 18 | 12.5% | 7.37% | #413 |
| Ohio | 21 | 12 | 14.3% | 7.25% | #525 |
| Utah | 20 | 12 | 15.0% | 7.44% | #237 |
| Minnesota | 17 | 8 | 29.4% | 7.19% | #406 |
| Oregon | 15 | 11 | 6.7% | 7.62% | #324 |
| Alabama | 11 | 7 | 18.2% | 6.75% | #465 |
| Delaware | 11 | 3 | 18.2% | 8.50% | #226 |
| Kentucky | 10 | 8 | 0.0% | 7.62% | #423 |
| Kansas | 7 | 5 | 28.6% | 7.38% | #379 |
| Louisiana | 7 | 7 | 0.0% | 7.75% | #409 |
| Idaho | 6 | 5 | 16.7% | 7.62% | #316 |
| Rhode Island | 6 | 6 | 0.0% | 7.06% | #229 |
| Arkansas | 5 | 3 | 40.0% | 7.25% | #398 |
| New Hampshire | 5 | 4 | 20.0% | 7.18% | #323 |
| West Virginia | 5 | 4 | 20.0% | 7.87% | #306 |
Frequently asked questions
Nqm Funding denied 19.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 24th percentile of mid-size mortgage lenders.
The most common reason Nqm Funding gave in 2025 was "collateral", cited on 25.2% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Nqm Funding originated in 2025 was 7.37%, and its median rate spread over the average prime offer rate was 0.90 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 68% of its applications were for home purchases, 32% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 94% conventional, 4% FHA, 2% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.